Home Improvement Market Size

Home Improvement Market size was valued at USD 365 Billion in 2023 and is set to cross USD 797.8 Billion by the end of 2036, registering more than 6.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of home improvement is assessed at USD 387.6 Billion.

The global home improvement market is growing due to several factors, including rising consumer spending on house upgrades, rapid urbanization, and a rise in the availability of products and services for home renovation. As per the statistics of World Bank; approximately 4.4 billion people, or 56% of the world's population, live in cities. By 2050, over seven out of ten people will live in cities as a result of this trend, with the urban population predicted to have more than doubled from its current level.